DT vs QQQ: Correlation
Measured on weekly returns over the past three years, Dynatrace, Inc. (DT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DT and QQQ?
Across a 3-year window, the weekly returns of DT and QQQ correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.44 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 292.6 %².
Within DT's tracked universe of 26 assets, QQQ comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.7 percentage points (+6.6% for DT against +26.3% for QQQ). Note the risk asymmetry: DT runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DT vs QQQ: side by side
| DT (Dynatrace, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.6% | +26.3% |
| 5-year return | -21.5% | +95.4% |
| Volatility (ann.) | 34.3% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -48.2% | -22.8% |
| Market cap | $15.5B | – |
| P/E (trailing) | 102.8 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | DT | QQQ |
|---|---|---|
| 2022 | -36.5% | -32.6% |
| 2023 | +42.8% | +54.9% |
| 2024 | -0.6% | +25.6% |
| 2025 | -20.3% | +20.8% |
| 2026 | +23.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DT and QQQ good diversifiers for each other?
Reasonably. At 0.44, DT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DT and QQQ?
The DT/QQQ correlation stands at 0.44 on a 3-year window (1 year: 0.30, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DT?
Reasonably. At 0.44, DT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dt-vs-qqq/)
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Related comparisons
Hubs: DT correlations · QQQ correlations
